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compensation technology and data powerhouse


PayScale and Payfactors Join Forces to Create Compensation Technology and Data Powerhouse

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Today PayScale, the industry leader in compensation data and technology, and Payfactors, a leading compensation data management company with deep industry expertise, announced that they have merged. Together, the combined company will become one of the largest providers of its kind in North America to help job seekers, employees and businesses get pay right. "Compensation and pay equity strategies are shifting even further on to the C-Suite agenda given the accelerated shift to remote and hybrid work and the overwhelming importance of the social justice movement," said Scott Torrey, CEO, PayScale. "Together, the PayScale leadership team's experience running SaaS businesses at scale combined with Payfactors' deep compensation expertise creates the optimal set of capabilities to offer faster paced innovation to get pay right today and in the future for even the largest of organizations." Both companies have built deep relationships with organizations and individuals by helping people navigate the increasingly complex compensation landscape.